Illustrations / Bermudian CAT Specialist
Illustrated workflow: Catastrophe Pricing
This is a teaching scenario for a fictional desk, not a customer testimonial. Figures in the source story are not audited results and must not be quoted as ROI.
Situation
A Bermuda-based catastrophe reinsurer was losing parametric earthquake and windstorm deals to faster competitors. Traditional CAT modeling took 3-5 days for complex structures, and underwriters couldn't respond to broker inquiries in real-time. With $2B in annual premium at stake, speed was critical.
Workflow
Deployed Pricing Agent integrated with RMS and AIR catastrophe models to deliver parametric quotes in under 2 hours. The system handles multi-zone structures, reinstatement provisions, and aggregate limits while querying real-time exposure databases.
- Pricing Agent
- CAT Modeling Agent
- Exposure Agent
Steps
- Phase 1: CAT Model Integration. Connected Pricing Agent to RMS RiskLink and AIR Touchstone APIs. Built automated scenario generation for earthquake, windstorm, and flood perils.
- Phase 2: Parametric Structures. Trained agent on parametric trigger structures, index-based calculations, and multi-event aggregation logic. Validated against 10 years of historical deals.
- Phase 3: Real-Time Quoting. Built broker-facing portal for instant quote requests with 2-hour SLA for standard structures, 24-hour for complex multi-peril programs.
Illustrated scenario, not a named customer: “Speed is everything in CAT markets. Reinsured.AI turned our underwriting into a competitive weapon.”